Schoeller Bleckmann Oilfield Preliminary Result for 2017

Published: January 16, 2018; 08:00 · (Vindobona)

The 2017 financial year of Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX market of the Vienna Stock Exchange, was characterised by the upswing seen in North America. The strategic expansion of the Well Completion business the year before therefore turned out to be the perfect choice to make. Against the continued weak market environment internationally, SBO closed financial year 2017 on a clearly positive operating result.

- Strong growth in North America boosts SBO's sales and bookings - Operating result returns to clearly positive territory - Option revaluation in successful Well Completion business in the third quarter of 2017 weighs on financial result

Sales went up by 76 %, to MEUR 322 (2016: 183.0). Bookings even doubled to MEUR 340 (2016: MEUR 169.3), up by 101 %. The…